Risk Management




Learn how to manage risks often encountered in the modern and increasingly risky business environment that can negatively impact a firm's financial performance.

The risk management concentration is designed to give students a solid foundation in the theory and practice of modern risk management. The concept of enterprise risk management is highlighted at the onset of the concentration curriculum, emphasizing that risks and risk management strategies must be considered holistically at the firm level, not in isolation. Upon completion of the concentration, students will be able to identify and measure a variety of business and financial risks, and be able to design and articulate strategies for managing and communicating risks.


  • Students must complete a minimum of 18 credit hours including 12 of upper division hours for this concentration.
  • A minimum of 12 upper division hours must be taken from the W. P. Carey School of Business. 
  • A grade of "C" or better is required for all upper-division coursework.
  • No more than six credit hours may be shared between the concentration and other degree programs, minors, and/or other certificates.
  • If a student has taken one of the approved courses below and it is not showing in the DARS audit, please email wpcareyug@asu.edu for assistance.

Required Courses 9 hours

BUS 434 Business Risk Management (3) (Prerequisite(s): FIN 300 or 303)
BUS 436 Frontiers in Risk Management (3) (Pre- or corequisite(s): BUS 434)
FIN 300 Fundamentals of Finance (Prerequisite(s) with C or better: ACC 231, 232 or 261; ECN 212; ECN 221, ECN 231, IEE 380 or STP 280; MAT 211, 266 or 271; Non-Business: min 2.50 GPA; min 56 hours; Pre- or corequisite(s): ACC 241, 242 or 271; Credit allowed for only FIN 300, 302 or 303)
FIN 302 Managerial Finance (ACC 231, 232, 261; ECN 211, 213; ECN 212, 214; ECN 221, 231; MAT 211, 266, 271; Pre/coreqs: ACC 241, 242, or 271 w/C or better if complete; Credit allowed for only FIN 302 or 303)
FIN 303: Honors Finance (3) (Prerequisite(s) with C or better: ACC 231, 232, or 261; ECN 211 or 213; ECN 212 or 214; ECN 221 or 231; MAT 211 or 271; Pre- or corequisite(s): ACC 241, 242 or 271 with C or better if completed; Credit allowed for only FIN 302 or 303)
Elective Courses 9 credit hours
AGB 435 Commodity Futures and Options Markets (3) (minimum 56 hours)
BUS 384 Business Operations and Planning (3) (Prerequisite(s): SCM 300 or 303)
SCM 432: Planning and Control Systems for Supply Chain Management (3) (Prerequisite(s): W.P. Carey Supply Chain Management BS major; SCM 315 with C or better; SCM 345 with C or better; Pre- or corequisite(s): SCM 355)
COM 414 Crisis Communication (3) (Prerequisite(s): minimum 2.00 GPA)
FIN 421 Security Analysis and Portfolio Management (3) (Prerequisite(s): W.P. Carey Finance BS major; ACC 340 with C or better; FIN 303 or 361 with C or better; FIN 331 with C or better)
FIN 427 Derivative Financial Securities (3) (Prerequisite(s): W.P. Carey Finance BS major; ACC 340 with C or better; FIN 303 or 361 with C or better; FIN 331 with C or better)
IEE 454 Risk Management (3) (Prerequisite(s): Engineering major OR Engineering Management Minor/Concentration; ECN 221 or IEE 380 with C or better; minimum junior standing)
PMG 421 Project Risk Management (3) (Pre-requisites: OGL/PMG 321; Minimum 55 hours)
SCM 314 Analytics for Logistics (3) (Prerequisite(s): W.P. Carey BA or BS major; SCM 300 or SCM 303 with C or better)
SCM 315: Business Decision Models (3) (Prerequisite(s): SCM 300 or SCM 303 with C or better)
TGM 460: Global Risk Assessment and Management (Prerequisite(s): Thunderbird School of Global Management undergraduate major, Global Management certificate, or International Trade certificate student)
Depending on a student's undergraduate program of study, prerequisite courses may be needed in order to complete the requirements of this concentration.






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